Victoria is on track to meet its goal of 6,000 new homes by this year, according to the latest update on the city’s Housing Strategy.
“Five years ago, we set out with a bold vision to foster a city with more affordable housing options for more people,” said Mayor Marianne Alto. “This Council doubled down on those commitments. The results clearly show the impact of that vision – more homes, more choices, and a clear, intentional path forward to meet the housing needs of our evolving city.”
Now in its sixth year, the city releases an annual Housing Strategy Report to showcase progress on housing initiatives and current housing trends in Victoria.
Milestones last year include hitting 78 per cent of that target being approved featuring a diverse range of housing types for families, seniors, students and individuals at all life stages. Purpose-built rentals exceeded the 1,900 target to outpace the 10-year average. Six affordable buildings with 488 new affordable homes were finished in 2024, more than double the number the year before.
“These milestones would not have been possible without significant efforts by our Planning and Development Department and the staff that support them across every department in the city,” Alto said.
Housing is one of eight priorities in council’s 2023-2026 Strategic Plan, specifically targeting more market and non-market housing and diversifying housing types and distribution.
